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Saturday, 18-Jan-2014 11:34 Email | Share | Bookmark
HP beats expectations, raises outlook-spun8


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HP is better than expectations, grows outlook
Hewlett-Packard supplied better-than-expected first-quarter results, elevated its mindset for the second quarter, as well as said it offers "disruptive innovations" on city water in approaching quarters. That disruptive invention comment right from CEO Megabites Whitman likely centered around Undertaking Moonshot, the company's ARM-based machine designed for hyperscale climates.HP described first-quarter earnings of $1.6 thousand, or 63 cents some sort of share, about revenue about $28.4 thousand, down 6 percent from a last year. Non-GAAP earnings in your first 1 / 4 were Eighty two cents some sort of share. Wall surface Street needed first-quarter earnings involved with 71 pennies a write about on income of $27.7 billion.Within an earnings release, Whitman noted which HP "still provides extensive work to do to generate the WOW Fast and Safe Power Leveling form of growth we desire to see,Half inch but "we anticipate the benefits from your restructuring might accelerate with fiscal 2013." Whitman increased that "I be ok with the rest of the year" and then promised "a group of new software programs and disruptive innovations" in the groups ahead.Are you aware that outlook, Hp . p . projected first-quarter non-GAAP gains to be 50 cents so that you can 82 dollars a show to GAAP rmtbuddy wow power leveling earnings for 38 pennies a publish to 30 cents some share. Regarding fiscal The year 2013, HP recognizes non-GAAP earnings of $3.40 any share to successfully $3.60 a new share with GAAP profit of $2.26 a show to $2.50 a talk about. The annual outlook was at line by using previous outlook, and the first-quarter look at was earlier than Wall Street estimates.Inside of the hood associated with HP, in spite of this, the company noticed revenue is reduced across each one of its machines. Personal products revenue during the first one fell 7 percent at a year ago; making sales declined 6 percent; industry group profit was right off 5 percent; and also enterprise expert services fell Five percent.Also, the more detailed income by system breakdown:This specific story in the beginning appeared located at ZDNet under the heading "HP Q1 solid; Whitman claims 'I feel good about remaining year.'"
HP beats presumptions, raises outlook on life


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